Nervous investors tear up ESG playbooks

Investors have pared exposure to sectors including renewable energy and electric vehicles. — Bloomberg

WASHINGTON: An anti-green backlash in 2024’s global election-supercycle is already taking a toll on environmental, social and governance (ESG)-focused assets, with an ultimate test still to come in the US presidential vote.

Investors have pared exposure to sectors including renewable energy and electric vehicles (EVs) as candidates in some of the dozens of nations holding polls this year have raised concerns over the costs and speed of efforts to curb emissions.